I Two Traditions. Scientific inquiry, seen in a very broad perspective, may be said to present two main aspects. One is the ascertaining and discovery of ...

In his paper on the “Methodology of Positive Economics”, Milton Friedman warned his readers that, “more than other scientists, social scientists need to be self-conscious about their methodology.” (1953, p. 34). But until quite recently, he seems either to have spoken to deaf ears or, more plausibly, to have been so successful in promoting his own views on methodology as to lead economists to be complacent about the many problems which plague their discipline. Many current textbooks, for example the one (...) by Eugene Silberberg, present economics as a science attaining the falsificationist standards once set down by Karl Popper, despite much evidence to the contrary. Indeed, as Douglas W. Hands (1985) has recently shown, even Sir Karl did not intend economics to be subjected to such severe standards. (shrink)

W. H. Walsh argued that historians used colligatory terms to describe historical change, and defined such terms as those which relate a group of events by a common idea or value. The colligatory term identifies a general relationship among singular events. Events give concrete expression to the ideas shared by the people who initiated them. Thus, colligatory terms, such as "French Revolution," are always singular proper nouns, rather than general classifications. However, in addition to common ideas, colligatory terms are used (...) to describe the form of the historical change. Terms like "revolution" and "renaissance" do convey meaning when applied generally. Colligatory terms, then, can relate formal structures as well as dispositional. attitudes, and can function both as general classifications and as singular entities. (shrink)

In recent years, W. H. Walsh and William Dray have introduced to methodological studies of history the term “colligation.” An historian who colligates explains, roughly, what an event ‘really’ was, or what it ‘amounts to’, by relating particular events into a single entity, by synthesizing parts into a whole. He thus explains many of the events of fifteenth-century Italy as a renaissance or those of eighteenth-century France as a revolution. The explanatory power of colligation is said to lie in the (...) newness of the interpretation of a collection of events which historians have previously ascertained to have occurred. (shrink)

This book offers a comprehensive overview of the structure, strategy and methods of assessment of orthodox theoretical economics. In Part I Professor Hausman explains how economists theorise, emphasising the essential underlying commitment of economists to a vision of economics as a separate science. In Part II he defends the view that the basic axioms of economics are 'inexact' since they deal only with the 'major' causes; unlike most writers on economic methodology, the author argues that it is the rules that (...) economists espouse rather than their practice that is at fault. Part III links the conception of economics as a separate science to the fact that economic theories offer reasons and justifications for human actions, not just their causes. With its lengthy appendix introducing relevant issues in philosophy of science, this book is a major addition to philosophy of economics and of social science. (shrink)